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Micro-Cap on the Move; NovaDel Pharma Inc. (NVDL)

By Warren Paige

Shares of NovaDel Pharma Inc. (PINK: NVDL), a specialty pharmaceutical company engaged in the development of oral spray formulations for marketed pharmaceuticals, saw a huge rally in trading today.

NVDL shares ended 27.59% higher at $0.0370 on above average volume of 3.04 million. The stock touched an intra-day high of $0.05. It has gained 48% in the last three trading sessions. In the last one month, NVDL shares have fallen nearly 80%.

NVDL’s recent gains could be due to some stock promotion activity as the company has not made any major announcements in the last few days.

 

July 9th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.